SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) Financials

SWKHL

FY2025 annual

Revenue $41.5M -7.8% YoY

Net Income -$2.5M -118.8% YoY

EPS (Diluted) -$0.21 -119.3% YoY

Free Cash Flow $26.8M +16.9% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 20, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Mar 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SWKHL SEC filings page.

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) reported $41.5M in revenue for fiscal year 2025, down 7.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SWKHL FY2025 2026-08-30

Operating profitability rebounded sharply in FY2025, while taxes and capital movements separated reported earnings from cash generation.

The reported $22.6M tax expense exceeded operating income in FY2025, turning a profitable operating result into a $2.5M net loss. Yet operating cash flow was $27.3M and free cash flow was $26.8M, a near-match that says the loss was driven below operations rather than by weak cash conversion.

Despite a 7.8% revenue decline from FY2024, operating margin nearly doubled to 48.9% in FY2025. SG&A increased while R&D fell, so the improvement is better read as a changed cost composition and operating structure than as straightforward scale benefits. Meanwhile, the 64.6% FCF margin and minimal $512K capital expenditure show that reported cash generation required little reinvestment.

Debt remained $33.0M while equity contracted, making the increase in debt-to-equity a denominator effect more than evidence of additional borrowing. The 9.4x current ratio, positive investing cash flow, and negative financing cash flow indicate FY2025 liquidity was shaped by capital movements alongside operations.

Financial Health Signals

Financial health score not available

SWK Holdings Corporation 9.00% Senior Notes due 2027 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/8

SWK Holdings Corporation 9.00% Senior Notes due 2027 passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

SWK Holdings Corporation 9.00% Senior Notes due 2027 reported a net loss of $2.5M while generating $27.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage Safe

18.43x

SWK Holdings Corporation 9.00% Senior Notes due 2027 earns $18.43 in operating income for every $1 of interest expense ($20.3M vs $1.1M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$8.7M

YoY-29.7%

QoQ-20.1%

5Y CAGR-4.4%

10Y CAGR+2.9%

SWK Holdings Corporation 9.00% Senior Notes due 2027 generated $8.7M in revenue in Q4 2025. This represents a decrease of 29.7% from the same quarter a year earlier. Against the prior quarter it is down 20.1%.

EBITDA

$857K

YoY-85.1%

QoQ-87.2%

SWK Holdings Corporation 9.00% Senior Notes due 2027's EBITDA was $857K in Q4 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 85.1% from the same quarter a year earlier. Against the prior quarter it is down 87.2%.

Net Income

-$19.4M

YoY-430.2%

QoQ-320.8%

SWK Holdings Corporation 9.00% Senior Notes due 2027 reported -$19.4M in net income in Q4 2025. This represents a decrease of 430.2% from the same quarter a year earlier. Against the prior quarter it is down 320.8%.

EPS (Diluted)

-$1.59

YoY-438.3%

QoQ-320.8%

SWK Holdings Corporation 9.00% Senior Notes due 2027 earned -$1.59 per diluted share (EPS) in Q4 2025. This represents a decrease of 438.3% from the same quarter a year earlier. Against the prior quarter it is down 320.8%.

Cash & Balance Sheet

Free Cash Flow

$10.3M

YoY+51.4%

QoQ+1749.0%

5Y CAGR+4.0%

SWK Holdings Corporation 9.00% Senior Notes due 2027 generated $10.3M in free cash flow in Q4 2025, representing cash available after capex. This represents an increase of 51.4% from the same quarter a year earlier. Against the prior quarter it is up 1749.0%.

Cash & Debt

$42.8M

YoY+621.5%

QoQ+319.0%

5Y CAGR+70.0%

10Y CAGR-1.0%

SWK Holdings Corporation 9.00% Senior Notes due 2027 held $42.8M in cash against $33.0M in long-term debt as of Q4 2025.

Shares Outstanding

12M

YoY-1.3%

QoQ0.0%

5Y CAGR-1.1%

10Y CAGR-0.8%

SWK Holdings Corporation 9.00% Senior Notes due 2027 had 12M shares outstanding in Q4 2025. This represents a decrease of 1.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

Operating Margin

9.9%

YoY-34.8pp

QoQ-51.5pp

SWK Holdings Corporation 9.00% Senior Notes due 2027's operating margin was 9.9% in Q4 2025, reflecting core business profitability. This is down 34.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 51.5 percentage points.

Return on Equity

-8.2%

YoY-10.3pp

QoQ-11.7pp

5Y change-10.2pp

10Y change-6.3pp

SWK Holdings Corporation 9.00% Senior Notes due 2027's ROE was -8.2% in Q4 2025, measuring profit generated per dollar of shareholder equity. This is down 10.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 11.7 percentage points.

Gross Margin

Not reported for Q4 2025.

Net Margin

Not shown for Q4 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

R&D Spending

$1K

YoY-99.8%

QoQ-99.3%

5Y CAGR-74.5%

SWK Holdings Corporation 9.00% Senior Notes due 2027 invested $1K in research and development in Q4 2025. This represents a decrease of 99.8% from the same quarter a year earlier. Against the prior quarter it is down 99.3%.

Share Buybacks

YoY-100.0%

QoQ-100.0%

SWK Holdings Corporation 9.00% Senior Notes due 2027 repurchased no shares in Q4 2025. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

Capital Expenditures

YoY-100.0%

QoQ-100.0%

SWK Holdings Corporation 9.00% Senior Notes due 2027 reported no capital expenditure in Q4 2025. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

SWKHL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SWKHL quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$41.5M-7.8%	$45.0M+19.1%	$37.8M-9.0%	$41.5M-26.1%	$56.2M+53.0%	$36.7M+19.4%	$30.7M+18.3%	$26.0M-30.7%	$37.5M+67.5%	$22.4M-4.6%	$23.5M+34.8%	$17.4M+169.9%	$6.4M+912.1%	$637K	$0
R&D Expenses	$1.6M-29.6%	$2.2M-35.9%	$3.4M-50.6%	$7.0M-5.4%	$7.3M+72.1%	$4.3M+262.9%	$1.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$14.8M+28.5%	$11.5M+2.3%	$11.2M-13.4%	$13.0M-4.8%	$13.6M+29.1%	$10.5M+41.9%	$7.4M+52.7%	$4.9M+18.7%	$4.1M+45.0%	$2.8M-16.3%	$3.4M+3.1%	$3.3M+87.5%	$1.7M-22.0%	$2.2M+45.0%	$1.5M
Operating Income	$20.3M+75.0%	$11.6M-20.9%	$14.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$14.1M+200.5%	$4.7M+393.2%	-$1.6M-3.8%	-$1.5M
EBITDA	$20.3M+56.4%	$13.0M-24.6%	$17.2M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$14.1M+200.5%	$4.7M+394.2%	-$1.6M-3.6%	-$1.5M
Interest Expense	$1.1M0.0%	$1.1M-40.5%	$1.8M+443.8%	$340K-9.1%	$374K-17.8%	$455K+34.6%	$338K+111.3%	$160K	N/A	N/A	$381K-34.2%	$579K+377.0%	-$209K	N/A	N/A
Income Tax	$22.6M+363.7%	$4.9M+483.4%	-$1.3M+68.2%	-$4.0M-156.5%	$7.1M+560.8%	-$1.5M+78.0%	-$7.0M-16733.3%	$42K-99.7%	$15.8M+172.8%	-$21.6M-761.1%	$3.3M+131.8%	-$10.3M-4.7%	-$9.8M-40904.2%	-$24K+7.7%	-$26K
Net Income	-$2.5M-118.8%	$13.5M-15.1%	$15.9M+17.8%	$13.5M-48.0%	$25.9M+398.4%	$5.2M-78.2%	$23.8M+284.6%	$6.2M+103.3%	$3.0M-89.5%	$28.9M+492.0%	-$7.4M-135.5%	$20.8M+61.4%	$12.9M+1005.1%	-$1.4M-33.3%	-$1.1M
EPS (Basic)	-$0.21-119.3%	$1.09-13.5%	$1.26+20.0%	$1.05-48.3%	$2.03+407.5%	$0.40-78.4%	$1.85+293.6%	$0.47+104.3%	$0.23-89.6%	$2.22+489.5%	-$0.57-117.8%	$3.20+932.3%	$0.31+1133.3%	-$0.03	N/A
EPS (Diluted)	-$0.21-119.3%	$1.09-12.8%	$1.25	$1.05	$2.02+405.0%	$0.40-78.4%	$1.85+293.6%	$0.47+104.3%	$0.23-89.6%	$2.22+489.5%	-$0.57	$3.20	$0.31+1133.3%	-$0.03	N/A
Diluted Shares (Avg)	12M-1.8%	12M-2.5%	13M	13M	13M-0.2%	13M-0.4%	13M-1.1%	13M+0.1%	13M+0.2%	13M+100146.4%	12,986	6,492	41,440-99.9%	41M0.0%	41M

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Revenue	$8.7M-29.7%	$10.9M+4.5%	$10.1M-7.3%	$11.8M+4.2%	$12.4M+25.0%	$10.4M+16.2%	$10.8M+14.2%	$11.4M+20.7%
R&D Expenses	$1K-99.8%	$147K-74.9%	$645K+24.0%	$758K+43.0%	$568K-5.6%	$585K-3.5%	$520K-65.5%	$530K-26.3%
SG&A Expenses	$5.4M+85.4%	$3.3M+9.8%	$2.8M-2.6%	$3.3M+22.1%	$2.9M+6.4%	$3.0M+0.5%	$2.9M-2.6%	$2.7M+5.7%
Operating Income	$857K-84.5%	$6.7M+63.5%	$4.6M+413.8%	$8.1M+651.9%	$5.5M	$4.1M-5.6%	$901K	$1.1M
EBITDA	$857K-85.1%	$6.7M+54.7%	$4.6M+251.6%	$8.1M+410.5%	$5.8M	$4.3M-13.3%	$1.3M	$1.6M
Interest Expense	-$1.4M+2.8%	$1.2M+489.5%	$1.2M+3.2%	$200K-84.1%	-$1.5M-230.8%	$200K+13.6%	$1.1M+208.3%	$1.3M+590.1%
Income Tax	$18.4M+579.0%	$1.9M+111.5%	$1.0M-0.9%	$1.3M+458.1%	$2.7M+221.5%	$906K+334.7%	$1.0M-28.8%	$229K+310.1%
Net Income	-$19.4M-430.2%	$8.8M+153.2%	$3.5M-3.9%	$4.5M+869.9%	$5.9M+106.5%	$3.5M-22.5%	$3.7M-6.5%	$468K-89.9%
EPS (Basic)	-$1.59-431.3%	$0.72+157.1%	$0.29-3.3%	$0.37+825.0%	$0.48+108.7%	$0.28-22.2%	$0.30-3.2%	$0.04-88.9%
EPS (Diluted)	-$1.59-438.3%	$0.72+157.1%	$0.29-3.3%	$0.37+825.0%	$0.47+104.3%	$0.28-22.2%	$0.30-3.2%	$0.04-88.9%
Diluted Shares (Avg)	N/A	12M-2.3%	12M-2.1%	12M-2.0%	N/A	12M-1.4%	12M-2.5%	12M-2.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.

SWKHL Balance Sheet

SWKHL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$272.4M-18.0%	$332.2M-0.6%	$334.3M+11.6%	$299.6M+6.0%	$282.7M+3.2%	$273.9M+7.7%	$254.4M+17.9%	$215.7M+2.8%	$209.9M+0.5%	$208.9M+15.8%	$180.5M-4.1%	$188.2M+205.7%	$61.6M+35.9%	$45.3M+18.4%	$38.3M
Current Assets	$46.8M+131.0%	$20.3M+70.6%	$11.9M+14.5%	$10.4M-78.1%	$47.4M+610.9%	$6.7M-59.1%	$16.3M-27.8%	$22.6M	N/A	N/A	N/A	$71.1M+686.8%	$9.0M-65.3%	$26.0M-31.9%	$38.3M
Cash & Equivalents	$42.8M+621.5%	$5.9M+31.6%	$4.5M-26.9%	$6.2M-85.6%	$42.9M+1325.0%	$3.0M-73.0%	$11.2M-44.8%	$20.2M-33.8%	$30.6M-5.0%	$32.2M-31.9%	$47.3M-19.5%	$58.7M+666.3%	$7.7M-68.8%	$24.6M-35.6%	$38.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$3.9M-33.3%	$5.8M+22.4%	$4.7M+52.8%	$3.1M+71.6%	$1.8M-5.7%	$1.9M-25.2%	$2.6M+16.4%	$2.2M+34.1%	$1.6M+55.3%	$1.1M-6.5%	$1.1M+7.0%	$1.1M+99.4%	$528K+168.0%	$197K	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	$8.4M0.0%	$8.4M0.0%	$8.4M0.0%	$8.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$37.3M-14.3%	$43.5M-19.3%	$53.9M+173.9%	$19.7M+27.6%	$15.4M-53.8%	$33.4M+87.2%	$17.8M+584.8%	$2.6M+34.9%	$1.9M+121.7%	$871K-16.8%	$1.0M-18.5%	$1.3M-77.3%	$5.7M+399.8%	$1.1M+352.8%	$250K
Current Liabilities	$5.0M-10.6%	$5.6M+41.1%	$3.9M-37.9%	$6.3M+24.6%	$5.1M-66.9%	$15.4M+403.4%	$3.1M+18.6%	$2.6M	N/A	N/A	N/A	$863K+137.7%	$363K+298.9%	$91K-51.3%	$187K
Non-Current Liabilities	$32.4M-14.8%	$38.0M-24.0%	$50.0M+274.6%	$13.3M+29.1%	$10.3M-42.5%	$18.0M+21.7%	$14.8M+61479.2%	$24K	N/A	N/A	N/A	$422K-92.0%	$5.3M+408.6%	$1.0M+1552.4%	$63K
Long-Term Debt	$33.0M0.0%	$33.0M0.0%	$33.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$235.1M-18.6%	$288.7M+3.0%	$280.3M+0.1%	$279.9M+4.7%	$267.2M+11.1%	$240.5M+1.7%	$236.5M+11.0%	$213.1M+2.5%	$208.0M+1.8%	$204.3M+16.7%	$175.1M-3.8%	$182.1M+261.9%	$50.3M+35.3%	$37.2M-2.2%	$38.0M
Retained Earnings	-$4.2B-1.2%	-$4.1B+0.3%	-$4.1B+0.1%	-$4.2B+0.3%	-$4.2B+0.6%	-$4.2B+0.1%	-$4.2B+0.6%	-$4.2B+0.2%	-$4.2B+0.1%	-$4.2B+0.7%	-$4.3B-0.2%	-$4.3B+0.5%	-$4.3B+0.3%	-$4.3B0.0%	-$4.3B

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Total Assets	$272.4M-18.0%	$289.4M-9.9%	$285.7M-11.0%	$331.3M+2.9%	$332.2M-0.6%	$321.3M+1.7%	$321.0M+10.5%	$322.0M+7.1%
Current Assets	$46.8M+131.0%	$16.3M-35.2%	$21.2M+43.3%	$75.9M+444.9%	$20.3M+70.6%	$25.2M-32.2%	$14.8M+13.2%	$13.9M+57.0%
Cash & Equivalents	$42.8M+621.5%	$10.2M-40.6%	$8.0M+44.3%	$29.8M+442.2%	$5.9M+31.6%	$17.2M-44.6%	$5.5M-18.5%	$5.5M+69.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$3.9M-33.3%	$5.6M-13.1%	$5.6M-24.0%	$4.7M-26.4%	$5.8M+22.4%	$6.4M+45.5%	$7.4M+68.5%	$6.4M+46.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$37.3M-14.3%	$35.2M-7.1%	$39.2M+2.8%	$38.6M-8.2%	$43.5M-19.3%	$37.8M-1.1%	$38.2M+130.5%	$42.1M+59.6%
Current Liabilities	$5.0M-10.6%	$2.9M-42.3%	$6.7M+20.9%	$6.7M+53.5%	$5.6M+41.1%	$5.0M-79.9%	$5.5M+84.4%	$4.4M-64.5%
Non-Current Liabilities	$32.4M-14.8%	$32.3M-1.8%	$32.5M-0.3%	$31.9M-15.4%	$38.0M-24.0%	$32.9M+143.2%	$32.6M+140.7%	$37.7M+168.5%
Long-Term Debt	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M0.0%	$33.0M	$33.0M	$33.0M
Total Equity	$235.1M-18.6%	$254.2M-10.3%	$246.5M-12.9%	$292.7M+4.6%	$288.7M+3.0%	$283.4M+2.1%	$282.8M+3.3%	$279.9M+2.0%
Retained Earnings	-$4.2B-1.2%	-$4.2B-0.6%	-$4.2B-0.8%	-$4.1B+0.4%	-$4.1B+0.3%	-$4.1B+0.3%	-$4.1B+0.3%	-$4.1B+0.3%

Not reported in any period shown, so not listed: Inventory, Goodwill.

SWKHL Cash Flow Statement

SWKHL quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$27.3M+18.4%	$23.0M+54.8%	$14.9M+81.5%	$8.2M-76.1%	$34.3M+78.0%	$19.3M+3.9%	$18.5M-5.6%	$19.6M+0.9%	$19.5M+101.8%	$9.6M-14.0%	$11.2M+118.7%	$5.1M+281.3%	$1.3M+220.5%	-$1.1M+9.0%	-$1.2M
Depreciation & Amortization	$40K-97.1%	$1.4M-45.7%	$2.6M-0.8%	$2.6M-36.0%	$4.1M-66.4%	$12.1M+144.1%	$5.0M+29041.2%	$17K	N/A	N/A	$10K+233.3%	$3K+50.0%	$2K-60.0%	$5K+150.0%	$2K
Stock-Based Compensation	$1.2M+24.5%	$944K+85.5%	$509K+1.8%	$500K-57.0%	$1.2M+59.8%	$728K+37.4%	$530K+98.5%	$267K-11.0%	$300K-17.4%	$363K-43.3%	$640K-24.2%	$844K+232.3%	$254K-56.7%	$586K+623.5%	$81K
Capital Expenditures	$512K+271.0%	$138K-72.2%	$496K+67.0%	$297K-72.4%	$1.1M-72.6%	$3.9M+8102.1%	$48K	N/A	N/A	N/A	$50K+4900.0%	$1K-75.0%	$4K0.0%	$4K	N/A
Free Cash Flow	$26.8M+16.9%	$22.9M+59.2%	$14.4M+82.1%	$7.9M-76.2%	$33.2M+116.7%	$15.3M-17.1%	$18.5M	N/A	N/A	N/A	$11.2M+117.8%	$5.1M+282.4%	$1.3M+219.7%	-$1.1M	N/A
Investing Cash Flow	$68.1M+771.6%	-$10.1M+79.3%	-$48.9M-12.4%	-$43.5M-269.0%	$25.8M+173.3%	-$35.2M-31.6%	-$26.7M+5.0%	-$28.1M-132.0%	-$12.1M+42.4%	-$21.1M-11.5%	-$18.9M+66.1%	-$55.6M-177.2%	-$20.1M-2.9%	-$19.5M-11640.8%	$169K
Financing Cash Flow	-$58.5M-378.6%	-$12.2M-136.9%	$33.1M+2535.0%	-$1.4M+93.3%	-$20.2M-360.7%	$7.7M+977.5%	-$883K+51.6%	-$1.8M+79.6%	-$9.0M-142.4%	-$3.7M+2.0%	-$3.8M-103.7%	$101.6M+5530.2%	$1.8M-74.2%	$7.0M	N/A
Share Buybacks	$3.1M-49.0%	$6.0M-4.9%	$6.3M+456.0%	$1.1M	N/A	$2.0M+127.6%	$883K-34.9%	$1.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Operating Cash Flow	$10.3M+49.5%	$906K-85.7%	$7.8M+44.1%	$8.3M+86.9%	$6.9M+20.8%	$6.3M+66.3%	$5.4M+14.6%	$4.4M+567.2%
Depreciation & Amortization	$0-100.0%	$2K-99.1%	$19K-95.5%	$19K-96.3%	$230K-64.1%	$234K-64.1%	$421K-33.9%	$514K-20.7%
Stock-Based Compensation	N/A	N/A	N/A	$307K+176.6%	N/A	N/A	$249K+51.8%	$111K+217.1%
Capital Expenditures	$0-100.0%	$349K+1103.4%	$63K+200.0%	$100K	$88K-55.3%	$29K-73.1%	$21K-88.5%	$0-100.0%
Free Cash Flow	$10.3M+51.4%	$557K-91.1%	$7.7M+43.5%	$8.2M+84.7%	$6.8M+23.6%	$6.3M+70.4%	$5.4M+18.7%	$4.4M+575.3%
Investing Cash Flow	$22.3M+194.6%	$3.0M-65.5%	$20.1M+561.1%	$22.7M+147.3%	-$23.5M+55.2%	$8.6M+6500.7%	-$4.4M-129.5%	$9.2M+182.8%
Financing Cash Flow	$0-100.0%	-$1.7M+49.0%	-$49.7M-4904.3%	-$7.1M+46.8%	$5.4M-74.4%	-$3.3M-115.9%	-$994K+93.8%	-$13.3M-277.8%
Share Buybacks	$0-100.0%	$1.3M-58.6%	$870K-8.5%	$867K-13.2%	$849K+262.8%	$3.2M+233.9%	$951K-79.3%	$999K+88.1%

Not reported in any period shown, so not listed: Dividends Paid.

SWKHL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SWKHL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	48.9%+23.2pp	25.8%-13.1pp	38.8%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	81.2%+8.3pp	72.9%	-251.7%	N/A
Net Margin	-6.1%-36.1pp	30.0%-12.1pp	42.1%+9.6pp	32.5%-13.7pp	46.2%+32.0pp	14.2%-63.3pp	77.5%+53.7pp	23.8%+15.7pp	8.1%	129.1%	-31.4%	119.3%	199.5%	-223.1%	N/A
Return on Equity	-1.1%-5.8pp	4.7%-1.0pp	5.7%+0.9pp	4.8%-4.9pp	9.7%+7.5pp	2.2%-7.9pp	10.1%+7.2pp	2.9%+1.4pp	1.5%-12.7pp	14.1%+18.4pp	-4.2%-15.6pp	11.4%-14.2pp	25.6%+29.4pp	-3.8%-1.0pp	-2.8%
Return on Assets	-0.9%-5.0pp	4.1%-0.7pp	4.8%+0.3pp	4.5%-4.7pp	9.2%+7.3pp	1.9%-7.5pp	9.4%+6.5pp	2.9%+1.4pp	1.5%-12.4pp	13.8%+17.9pp	-4.1%-15.1pp	11.0%-9.9pp	20.9%+24.0pp	-3.1%-0.3pp	-2.8%
Current Ratio	9.41+5.8x	3.64+0.6x	3.01+1.4x	1.63-7.7x	9.31+8.9x	0.43-4.9x	5.32-3.4x	8.74	N/A	N/A	N/A	82.35+57.5x	24.88-261.3x	286.23+81.6x	204.65
Debt-to-Equity	0.140.0x	0.110.0x	0.120.0x	0.070.0x	0.06-0.1x	0.14+0.1x	0.08+0.1x	0.010.0x	0.010.0x	0.000.0x	0.010.0x	0.01-0.1x	0.11+0.1x	0.030.0x	0.01
Asset Turnover	0.150.0x	0.140.0x	0.110.0x	0.14-0.1x	0.20+0.1x	0.130.0x	0.120.0x	0.12-0.1x	0.18+0.1x	0.110.0x	0.130.0x	0.090.0x	0.10+0.1x	0.010.0x	0.00
FCF Margin	64.6%+13.7pp	50.9%+12.8pp	38.1%+19.1pp	19.1%-40.1pp	59.2%+17.4pp	41.8%-18.4pp	60.1%	N/A	N/A	N/A	47.6%+18.1pp	29.4%+8.7pp	20.8%	-175.7%	N/A

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Operating Margin	9.9%-34.8pp	61.4%+22.2pp	46.1%+37.7pp	68.6%+59.1pp	44.7%	39.2%-9.1pp	8.3%	9.5%
Net Margin	-223.1%	80.7%+47.4pp	35.2%+1.3pp	38.4%+34.2pp	47.5%+18.7pp	33.3%-16.6pp	33.9%-7.5pp	4.1%-45.1pp
Return on Equity	-8.2%-10.3pp	3.5%+2.2pp	1.4%+0.1pp	1.6%+1.4pp	2.0%+1.0pp	1.2%-0.4pp	1.3%-0.1pp	0.2%-1.5pp
Return on Assets	-7.1%-8.9pp	3.0%+1.9pp	1.2%+0.1pp	1.4%+1.2pp	1.8%+0.9pp	1.1%-0.3pp	1.1%-0.2pp	0.1%-1.4pp
Current Ratio	9.41+5.8x	5.68+0.6x	3.17+0.5x	11.30+8.1x	3.64+0.6x	5.06+3.6x	2.68-1.7x	3.18+2.5x
Debt-to-Equity	0.140.0x	0.130.0x	0.130.0x	0.110.0x	0.110.0x	0.120.0x	0.12+0.1x	0.120.0x
Asset Turnover	0.030.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.030.0x	0.030.0x	0.040.0x
FCF Margin	118.5%	5.1%-55.2pp	77.0%+27.3pp	69.1%+30.1pp	55.0%-0.6pp	60.4%+19.2pp	49.7%+1.9pp	39.0%+32.0pp

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.

Where SWK Holdings Corporation 9.00% Senior Notes due 2027 Ranks

Frequently Asked Questions

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's annual revenue?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) reported $41.5M in total revenue for fiscal year 2025. This represents a -7.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SWK Holdings Corporation 9.00% Senior Notes due 2027's revenue growing?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) revenue declined by 7.8% year-over-year, from $45.0M to $41.5M in fiscal year 2025.

Is SWK Holdings Corporation 9.00% Senior Notes due 2027 profitable?

No, SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) reported a net income of -$2.5M in fiscal year 2025, with a net profit margin of -6.1%.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's EBITDA?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had EBITDA of $20.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SWK Holdings Corporation 9.00% Senior Notes due 2027 have?

As of fiscal year 2025, SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had $42.8M in cash and equivalents against $33.0M in long-term debt.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's operating margin?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had an operating margin of 48.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's net profit margin?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had a net profit margin of -6.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does SWK Holdings Corporation 9.00% Senior Notes due 2027 pay dividends?

Yes, SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) paid $4.00 per share in dividends during fiscal year 2025.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's return on equity (ROE)?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) has a return on equity of -1.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's free cash flow?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) generated $26.8M in free cash flow during fiscal year 2025. This represents a 16.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's operating cash flow?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) generated $27.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SWK Holdings Corporation 9.00% Senior Notes due 2027's total assets?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had $272.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What are SWK Holdings Corporation 9.00% Senior Notes due 2027's capital expenditures?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) invested $512K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does SWK Holdings Corporation 9.00% Senior Notes due 2027 spend on research and development?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) invested $1.6M in research and development during fiscal year 2025.

Does SWK Holdings Corporation 9.00% Senior Notes due 2027 buy back shares?

Yes, SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) spent $3.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does SWK Holdings Corporation 9.00% Senior Notes due 2027 have outstanding?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had 12M shares outstanding as of fiscal year 2025.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's current ratio?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had a current ratio of 9.41 as of fiscal year 2025, which is generally considered healthy.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's debt-to-equity ratio?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's return on assets (ROA)?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) had a return on assets of -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is SWK Holdings Corporation 9.00% Senior Notes due 2027's Piotroski F-Score?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SWK Holdings Corporation 9.00% Senior Notes due 2027's earnings high quality?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) reported a net loss of $2.5M while generating $27.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can SWK Holdings Corporation 9.00% Senior Notes due 2027 cover its interest payments?

SWK Holdings Corporation 9.00% Senior Notes due 2027 (SWKHL) has an interest coverage ratio of 18.43x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.